Q4 2025 · 13F-HR
Penn Mutual Asset Managementholdings as filed
Filed 2026-01-23 · accession 0001193125-26-021156
$167.3M
Reported value
12
Positions
2025-12-31
Period end
The Brief · Penn Mutual Asset Management · Q4 2025
AI · grounded in 13F
Penn Mutual Asset Management established a new position in LQD valued at $142.2M. The fund also initiated new stakes in NOW for $814,205 and TTAN for $190,316. On the sell side, the fund closed several positions, including CERENCE INC NOTE 1.500 7/0 for $2.1M and PKE for $1.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287242 | LQD | ISHARES TR IBOXX INV CP ETF | $142.2M | 85.0% | 1,290,332 | Common | SOLE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO NEW PERP PFD CNV A | $7.3M | 4.35% | 6,000 | Common | SOLE |
| 035710839 | NLY | ANNALY CAPITAL MANAGEMENT IN COM NEW | $4.0M | 2.37% | 177,588 | Common | SOLE |
| 00123Q104 | AGNC | AGNC INVT CORP COM | $3.9M | 2.31% | 360,000 | Common | SOLE |
| 042315705 | ARR | ARMOUR RESIDENTIAL REIT INC COM SHS | $3.1M | 1.84% | 174,050 | Common | SOLE |
| 464288687 | PFF | ISHARES TR PFD AND INCM SEC | $3.0M | 1.80% | 97,300 | Common | SOLE |
| 781154109 | RBRK | RUBRIK INC. CL A | $1.3M | 0.75% | 16,472 | Common | SOLE |
| 71722W107 | PHAT | PHATHOM PHARMACEUTICALS INC COM | $1.0M | 0.62% | 62,802 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC COM | $814,205 | 0.49% | 5,315 | Common | SOLE |
| 92189H300 | EMLC | VANECK ETF TRUST JP MRGAN EM LOC | $464,760 | 0.28% | 18,000 | Common | SOLE |
| 81764X103 | TTAN | SERVICETITAN INC SHS CL A | $190,316 | 0.11% | 1,787 | Common | SOLE |
| 10576N102 | BRZE | BRAZE INC COM CL A | $148,167 | 0.09% | 4,321 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.